by Dan Gibby | Aug 3, 2018 | Past Weekly Options Letters
NEW TRADING IDEA: 8/2: SMH – Consider shorting Aug (8/10) $105.5/101.5 bull put credit spread (7 DTE) for $.42/share. Bullish +123 on support daily if closed here, breakout hourly. Stop Loss: $105.98.
by Dan Gibby | Aug 3, 2018 | Master Trader Advisory Letter Past
NEW TRADE IDEA: 8/2: THO – Consider shorting Aug (8/17) $90/85 bull put credit spread (14 DTE) for $.75/share or better (current mid-point is $.65/share but spready). Bullish retest and +WRB after breakdown daily, monthly support. Stop $90.18.
by Dan Gibby | Aug 2, 2018 | Master Trader Advisory Letter Past
NEW TRADE IDEA: 8/2: ECA – Consider buying Sep (9/21) 13/15 bull call debit spread for current mid-point of $1.08/share, great ROC if expires over $15. Breakout all time frames. Stop $13.14.
by Dan Gibby | Aug 2, 2018 | Past Weekly Options Letters
NEW TRADE IDEA: 8/2: FB – Consider shorting half lot Aug (8/10) $170/165 bull put credit spread (8 DTE) for $.55/share (current mid-point is $.50/share but stock and market extended intra-day) and the other half lot around $.65/share. Bullish engulfing after bear gap,...
by Dan Gibby | Aug 2, 2018 | Past Weekly Options Letters
NEW TRADE IDEA: 8/2: GRUB – Consider shorting Aug (8/10) $120/115 bull put credit spread (8 DTE) for current mid-point of $.50/share. Bullish reversal bar after pull back into Pro Gap +WRB Breakout daily, breakout hourly. Stop Loss: $121.50.
